High-Value Assets: Determining Accurate Valuations
Some people think that we simply divide assets 50/50 under the Family Law Act. We don’t. We value the assets and liabilities as at the date of marriage and date of separation, and then share or equalize the increased wealth accumulated during the relationship.
It can be challenging to secure accurate valuations of specialized assets — such as a less than conventional business, diverse stock portfolios, or shares in private corporations where “minority discounts” come into play.
Located in Toronto, Ontario, Gene C. Colman Family Law Centre understands the challenges of assessing high value assets. Our legal team has the knowledge and experience to properly work with valuators to determine the worth of your high value assets, and explain how these values will impact your divorce and separation proceedings.
Guiding You Through The Challenges Of Valuations
Because of their complexity, high-worth assets are not always valued the same way as other, more conventional assets.
Pension plans, for instance, are valued differently than other types of investments. What type of pension plan do you have? What will the value be at maturity? How does tax affect the value of the asset?
At Gene C. Colman Family Law Centre, we take a meticulous, nuanced approach to high-value property division. We will help you answer these and other questions that arise during your separation and divorce proceedings.
Ensure Accurate Valuations Before You Divide Your Assets
The main challenge of assessing high value assets is accuracy. If your assets are overvalued, you may suffer unfair financial loss when it comes to implementing any financial settlement. The same can be said if the other side undervalues their assets.
At Gene C. Colman Family Law Centre, we understand when to bring in additional financial experts for a more forensic assessment. This is key in divorce and separation proceedings because you need to understand the worth of your high-value assets before you begin to discuss settlement or move towards a trial.